Quote:
Originally Posted by The Fonz
August YOY CPI came in at 2.0%, after a 2.5% July, a 2.7% June, and a 2.9% May.
If this trend continues for another couple months, BOC is gonna get poopy pants and we'll see greater than 25bp cuts in early 2025, I'd guess.
|
Yeah, definitely looked like they overshot the interest rate hike. Inflation was clearly due to a lot of external factors, mostly supply chains and oil supply disruptions. The central banks were dealing with inflation as though it was entirely due to out of control spending.
https://www.cbc.ca/news/business/inf...price%20growth.
Quote:
|
"We continue to forecast a further 200 [basis points] of interest rate cuts between now and the middle of next year."
|
Quote:
|
Grantham noted that if mortgage interest costs were excluded from overall inflation, the rate would have come in at 1.2 per cent year over year.
|
That's a 2% fall in the next 9 months, CIBC is predicting.